Is IQ Option legal in the USA?

IQ Option is an online binary option, cryptocurrency, CFD’s, and Forex Trading platform. It is a regulated online trading platform and is very safe for users. They have various trading tools available to give the users a better trading experience. The platform is very user-friendly and is customizable. This online trading platform has won many awards.

 IQ Option was founded in 2013. It is located in Kingstown, St. Vincent, and Grenadines. IQ Option is one of the most well-known online trading platforms in the world. They offer a wide range of assets to trade and also have a very low deposit amount to get started. The platform also offers a demo account to practice with virtual coins and get a better understanding of the platform and its features. 

IQ Option offers an excellent payout to its users along with other perks and benefits. You can access IQ Option from any device, android, IOS, Windows, etc. IQ Option has a wide range of deposit and withdrawal methods available on its platform.  

IQ Option is one of the most reliable and trustworthy online trading platforms as it has received various awards and recognition among traders. It also has very simple and easy-to-follow steps for depositing and withdrawing funds. The platform is properly regulated, which makes it a very safe and secure online trading platform out there.

IQ Option has more than 50 million users and over 1 million transactions per day. The platform is available to users worldwide in more than 200 countries. It is also available in over 12 languages. IQ Option has many currencies available for traders. They have an excellent customer support service and are available 24/7 so that the users can contact and clear their queries any time of the day. Let’s go over the details of the IQ Option.

Regulations in the USA 

Online trading regulations in the USA are stricter than in any other country. Very few online trading platforms are available to USA traders. The financial markets in the USA are regulated by the Dodd-Frank Act, also known as The Dodd-Frank Wall Street Reform and Consumer Protection Act. Dodd-Frank Act was passed in 2010. 

The agencies which are in charge of the foreign exchange market in the USA are National Future Association (NFA) and Commodity Future Trading Commission (CFTC)

You can only online trade with the US regulating trading platforms. The only online trading platforms that are allowed in the USA are the ones regulated by Commodity Future Trading Commission (CFTC).

Regulations in IQ Option 

Cyprus Securities and Exchange Commission, or CySEC, regulates IQ Option. The Cyprus Securities and Exchange Commission is a financial regulatory institution in Cyprus. IQ Option has received numerous honors for its superior quality and dependability. IQ Option is, among other things, one of the top online trading platforms. It’s one of the most secure internet trading platforms.

To avoid being scammed and to avoid any type of risk, one should always examine the restrictions of the online trading platform. IQ Option is a relatively safe online trading platform that is authorized by the Cyprus Securities and Exchange Commission (CySEC). It is one of the most devoted, trustworthy, and dependable online trading platforms available.

Is IQ Option legal in the USA? 

IQ Option is not legal in the USA because of the regulations. IQ Option is based in Europe, so many European countries and non-European countries can trade online on this online trading platform which unfortunately does not include the USA because of its trading laws and regulations.

The reason why IQ Option is not legal in the USA is that it does not have the required license to trade in the USA. To operate in the USA region, IQ Option must be registered as Retail Foreign Exchange Dealer (RFED) by the Commodity Futures Trading Commission (CFTC), and it must be regulated by National Futures Association (NFA). And because IQ Option is not regulated by the National Futures Association or NFA, it cannot accept traders from the USA. 

Countries IQ Option is available in

IQ Option is available in more than 200 countries which includes United Kingdom, Malaysia, India, Germany, Sweden, Singapore, Philippines, Nigeria, Africa, China, and many other countries.

However, there are a few countries where IQ Option is not available due to that countries laws and regulations like the USA, Australia, Canada. The countries that IQ Option does not accept are Japan, Sudan, Russia, Turkey, Latvia, Israel, Iran, Belgium, and Syria, among many others.

Does IQ Option give real money? 

IQ Option is a Forex, CFD, and binary options trading platform, and it is easier to make money through binary options because it’s a win-or-lose situation. If you predict the correct option, you make a profit, but if you predict wrong, you get nothing. You have to predict the correct price movement before the time expires. The binary option pays 95% profit. 

Therefore, yes, you can make real money on IQ Option; you just have to make the right prediction. IQ Option has quite simple and easy-to-follow steps for the deposit and withdrawal of the funds. You can use various trading tools available on IQ Option to increase your chances of winning. The broker also offers several assets to trade on IQ Option. 

In addition to these perks and benefits, IQ Option also has weekly trading competitions which last for 30 minutes. You can easily earn profits by participating in these weekly held trading Competitions. 

Assets to trade on IQ Option

IQ Option has a lot of assets to trade. They offer more than 90 assets to trade to its users, which includes: Stocks, commodities, cryptocurrency, Forex, ETFs, etc.

  • Stocks

IQ Option has more than 180 stocks to trade. Some companies that you can trade with are Tesla, Apple, Facebook, Amazon, etc.

  • Cryptocurrency

IQ Option offers 12 different cryptocurrencies to trade like ZCash, TRON, Bitcoin, Ripple, EOS, Litecoin, Qtum, Ethereum, and more.

  • Commodities

You can trade four different commodities on IQ Option, which are Gold, Silver, Platinum, and Crude oil Brent. 

  • ETFs

IQ Option offers over 4000 ETFs to choose from. Traders can choose from a wide range of ETFs available on IQ Option. 

Types of accounts on IQ Option

Along with a demo account, IQ Option offers two different accounts, which include a Standard account and a VIP account – 

  • Demo Account

IQ Option offers a demo account to the users to practice with $10,000 virtual coins, which you can refill as many times as you want. With a demo account, you can get a better understanding of the platform and get a feel of its features and tools. If you are not confident enough to trade real money, you can always practice with a demo account and enhance your trading skills. And once you gain a fair amount of experience using a demo account, you can always switch to a standard account to start trading for real.

  • Standard Account

To start trading using a standard account, you need to deposit a minimum amount of $10. You will get access to different assets to trade along with other trading tools and features. You can even take part in the tournaments to make some extra profits which are held every week on IQ Option. 

  • VIP Account

To be eligible to use the VIP account, you need to deposit $1,900 within two days. This account is only accessible to non-European traders. With a VIP account, you get a benefit of an additional 3%. With the VIP account, you can also get your hands on monthly reports.  

How to set up an account in IQ Option?

IQ Option offers two types of accounts to its users, a demo account and a standard account. If you don’t want to spend real money and just want to practice and get a feel of the platform, you can open a demo account that offers virtual coins to trade. Here’s how you can open a demo account on IQ Option –

  1. Navigate to the main IQ Option website.
  2. Click the “sign up” button in the upper right corner.
  3. Fill out all of the essential information, such as your name, email address, and password.
  4. Select “Open a Free Account.”
  5. You will receive a confirmation email; click on the link in the email.
  6. Log in to your trial account.

You have successfully signed in to your demo account. You don’t have to spend real money on a demo account. However, when you have gained the required trading skills and have understood the platform better, you can sign up for a standard account to trade real money.

Minimum and maximum withdrawal amount on IQ Option 

The minimum withdrawal amount on IQ Option is very low. The minimum withdrawal amount is $10 due to the policy of IQ Option.

The maximum Withdrawal amount per day on IQ Option is $1,000,000. There are no extra deposit and withdrawal charges on IQ Option. It usually takes up to 3 days to complete the withdrawal process.

Customer support services of IQ Option

IQ Option’s customer support services are available to everyone 24/7. You can contact them via email, phone number, address, or from their official website. You can contact the customer support services with any sort of trading queries, and they will get back to you within 24 hours. IQ Option is available in 13 different languages, which include English, Spanish, and more. The IQ Option support team is multilingual, which makes it easier to communicate with different countries.

How to deposit funds on IQ Option? 

To start trading on IQ Option, you are required to make a minimum deposit of $10. The steps to deposit money on IQ Option are quite easy. Here’s how you can deposit money on IQ Option – 

  1. Access your IQ Option account.
  2. Select the “Deposit” option on the upper left side of the screen.
  3. Select the appropriate payment method
  4. Enter the amount of the deposit
  5. Select a currency
  6. Select “Proceed to Payment.”

Once you have successfully followed these steps, you can start trading for real on IQ Option.

How to withdraw funds from IQ Option? 

When you have earned a satisfactory amount of profit, you can withdraw it from IQ Option to trade your bank account. Here is how you can withdraw money from IQ Option –

  1. In the top right corner, click on the user.
  2. Select “Withdraw Funds” from the drop-down menu.
  3. Select an Easy-to-Use Payment Method
  4. Follow the on-screen instructions and then click OK.

After you have successfully made a withdrawal request, IQ Option will process your request within 3 days. The whole money withdrawal process on IQ Option is quite easy and convenient for users.

Deposit and withdrawal methods on IQ Option 

IQ Option supports various deposit and Withdrawal Methods like bank wire transfer, E-wallets, and credit cards – 

  • E-wallets

The available E-Wallet methods in IQ Option include Neteller, WebMoney, Perfect Money, Skrill, and more.

  • Cards

IQ Option accepts many card payment methods, which include Visa, Mastercard, and Maestro.

It takes less time to process transactions made by E-wallets. It takes 1 day or a few hours to process transactions made by E-wallets. However, it takes longer to process transactions made by Bank Wire or Credit card. The whole process can take up to 10 days to complete if the withdrawal method is a bank wire transfer or through a credit card.

Features available on IQ Option

IQ Option has various features available for the traders to use and enhance their trading experience. Once you have signed in, you should get familiar with different trading tools and features on the platform. All the tools and features are very easy to find on the platform. Features available on IQ Option – 

  • Multi-Window View 

This functionality allows you to open four alternative multi-window displays. You can use the multi-window view option to view the real-time charts of the many tools you’ve selected.

  • Chart Type

With this feature, IQ Option lets you choose a chart type while trading.  

  • Graphical Tools

With the graphical Tools, you can choose a drawing tool that will help in the technical analysis.  

  • Indicators 

IQ Option provides traders with a variety of indicators to aid in technical analysis.

  • Selected Instruments 

With this feature, when you select any instrument to use, it will get added to the IQ Option interface.

  • Purchase Time 

This feature displays the amount of time till you may enter a trade. 

  • Account Balance

With this feature, you can view the remaining balance in your IQ Option account.

There are many more features and tools that IQ Option offers to users. These features and trading tools help enhance the trading experience for the traders. IQ Option has a wide range of trading tools and features available which makes it one of the most well-known online trading platforms. 

Additional features on IQ Option

IQ Option offers a few additional features along with a wide range of other features, which includes – 

  • Trading Competitions

IQ Option provides its members with trading competitions. In options trading, you can participate with other traders. These competitions are only 30 minutes long. Participation in the tournament is subject to a nominal admission fee.

  • Education Resources

IQ Option provides customers with a variety of instructional materials such as video lessons and more. They also have trading e-books and frequently asked questions.

  • Mobile Integration

IQ Option also provides users with mobile applications. In addition, it offers a mobile web trading solution. The IQ Option app is really nicely organized, and it is quite simple to find all of the program’s functions.

Available currencies on IQ Option

IQ Option is open to users in over 200 countries. IQ Option offers several currencies for funding to the traders, which includes – 

  • British Pound Sterling (GPB) 
  • United States Dollar (USD)
  • Euro (EUR)
  • Malaysian Ringgit (MYR)
  • Russian Ruble (RUB)
  • Chinese Yuan
  • Indonesian Rupiah (IDR)  

Awards received by IQ Option

In the past five years of being established, IQ Option has won various awards has gained recognition among the traders. IQ Option is one of the most reliable and trustworthy online trading platforms out there. Awards received by IQ Option – 

  1. Best Binary Options Broker, IAIR Awards.
  2. Best Binary Options Broker, FX Reports Awards.
  3. Best Trading Platform, Forex Awards, 2014.
  4. Best Innovative Binary Option Platform, IFM Awards, 2015.

IQ Option has received many awards, which makes it a very reliable and safe platform for online trading.

Conclusion

IQ Option is a well-regulated online trading platform. However, it is not available to traders in the USA due to their strict laws and regulations regarding financial markets. To make the platform available to USA traders, IQ Option needs to be registered and regulated by US laws and regulations. IQ Option is getting quite popular in other countries except for the USA.

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